Time for altcoins to rise - meet the next Unobtanium killer

in #cryptocurrency3 years ago (edited)

In recent days, we have witnessed what Elon Musk did to Bitcoin and Dogecoin, and how important and a strong relationship can be built between celebrity and blockchain in general. We all know what happened next - both coins broke their limits, and history is writing itself as you read this. However, with the rise of Bitcoin, others will follow. Many altcoins will follow Dogecoin example and one of them will be DiminutiveCoin.

DiminutiveCoin (DIMI) means extraordinarily small or unusually small. It started its journey a little more than a year ago. Like with every other new coin in existence, it had its difficulties, but it has the power to overthrown Unobtanium.

Why? Because of its similarity in total supply, secure mining algorithm, and above all powerful community. DiminutiveCoin is a ‘rare’ cryptocurrency, designed with a low supply of just 200,000 coins in existence.

Factors have been accounted for being of such a small value ever to be produced, such as reduction of coin transfer fees and implementation of a Proof Of Work (POW) & Proof Of Stake (POS) vaulting mechanism to produce block reward of 0.01 DIMI or 0.04 DIMI for POW, and 0.01 DIMI or 0.00001 DIMI for POS.

Rather it's a delicacy among altcoins but made for mass adoption.

It is based on HMQ1725 algorithm providing the highest security levels by using 17 algorithms which are hashed 25 times. Nonetheless, it's easy to compute on low-to-medium powered computers, both CPU and GPU minable (POW phase will end in approximately 17 years).

Technical info
Coin Specification:
Coin Official name:______________DiminutiveCoin
Coin Ticker:_____________________DIMI
Coin Type:______________________POW/POS
Algorithm:______________________HMQ1725
Block Time:_____________________75 sec.
Drift Time:______________________10 min.
Address Starting Letters:________D / E
Default P2P Port:_______________49139
Default PRC Port:_______________49122
Minimum Stake confirms:_______75 blocks
Minimum Stake Age:____________2 Hours
Difficulty Retarget:______________750 sec.
Coinbase Mining Maturity:______75 blocks
Coinbase Wallet send Maturity:__10 blocks
Min. Tx Fee:_____________________0.0000025 DIMI
Premine:________________________5% (DUMPED by original developer)
Maximum Coin Supply:_________200000 DIMI

Coin Block Rewards:

POW
Block # Even:______0.04 DIMI
Block # Odd: ______0.01 DIMI
Halving:___________Every 500000 blocks

POS
Block # Even:______0.00001 DIMI
Block # Odd:_______0.01 DIMI
Halving:___________Every 1000000 blocks

Final thoughts
As hard as it was to accept for the Support Team behind “DiminutiveCoin”, that its original developer decided to abandon his project, the community came to an agreement to stay true to it and carry on. As the former use case is no longer applicable to the current situation, the Support team is working on gathering the required information for future possibilities and uses.

Currently, DiminutiveCoin, like most cryptocurrencies, is used for:

  1. Mining/HODL/Staking,
  2. Speculative trading,
  3. As a payment currency for real-world goods

You still have time to climb aboard and be a part of an exclusive success story that someday will be written all over crypto forums and blogs. Who knows maybe even Elon Musk himself will take his place in creating another magnificent cryptocurrency.

Make sure to check out the links below, that's where the real fun starts.
DiminutiveCoin discord server: https://discord.gg/DvD7CC48TD
Twitter account: https://twitter.com/coin_dimi
Official website: https://diminutivecoin.com/

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